Press Release

Elgin Public Works Authority

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October 19, 2021

Press Release

**Elgin Public Works Authority                                                                                                                  **

The Elgin Public Works Authority (Authority) received approval for a $3,535,000 loan              Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s        wastewater infrastructure. Construction of upgrades and improvements to the wastewater   system will be financed by the Oklahoma Clean Water State Revolving Fund (CWSRF).

The Authority will utilize the proceeds to install a grinder unit at the inlet of the influent lift station, install a new storage basin, and make wastewater treatment plant discharge improvements including a force main, outfall structure and erosion control. These improvements will help reduce unintended flows to the wastewater treatment plant and unpermitted discharges from wet weather events.

Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $906,400 over the life of the 30-year loan compared to traditional financing.  The CWSRF loan will be secured with a lien on the revenues of the Authority’s water and sewer systems, a one cent sales tax, and a mortgage.  An Elgin representative stated, “The Authority thanks the Board for its consideration and appreciates OWRB and the OWRB staff for their help with this project.”